The effect on competition of banking sector consolidation following the financial crisis of 2008

Post‐financial crisis changes in financial system structure: An examination of the J.P. Morgan & Co. Syndicates after the 1907 Panic

“…We find on average fewer members in underwriting syndicates after the 1907 Panic, and also suggest other channels by which concentration could have occurred beyond the emergence of the Trio underwriting construct in which Morgan formed syndicates whose members consisted solely of his firm, the First National Bank and National City Bank. Finally, we undertake empirical tests in two case studies of Morgan's most prominent underwriting clients, and, consistent with Montes (2014) and Kowalik et al (2015), fail to uncover evidence that more concentrated syndicates used market power to charge higher banking fees or to set higher borrowing rates that would have harmed issuers of debt.…”

“…Many studies have been undertaken in the post-2008 crisis period to examine the increasing concentration of the banking system and the effects of concentration on pricing decisions and generally do not find strong evidence that increased concentration leads to monopoly pricing (see Montes, 2014 andKowalik, Davig, Morris, &Regehr, 2015 for an extensive summary). Understandably, the recent studies examine the present period, a time in which bankers have expectations of regulatory scrutiny about their pricing behavior.…”

The Impact of Banking Competition on Economic Growth and Financial Stability: An Empirical Investigation

“…The paper is based on both quantitative and qualitative methods of research. To answer the research question include to analyse the scientific publications on the relevant topic, In particular, the Banking Competition and Bank Concentration and their impact on the socio-economic situation of country (Agostino, et al, 2008;2010;2012;Andrieş et al, 2014;Bikker, et al, 2005;Beck, et al, 2013;Berger, et al, 2009;Dash, et al, 2020;De-Ramon, et al, 2018;Fu, et al, 2014;Kanas, et al, 2019;Montes, 2014;Shair, et al, 2019;Staikouras, et al, 2006;Tabak, et al, 2012;Tan, et al, 2016;2017;Titko, et al, 2015;Zigraiova and Havranek, 2016), influence of monetary policy on interbank competition (Abuselidze, 2019b), financial-economic policy (activities) against crisis and fragmentary approaches among them (Abuselidze, 2019c;2020c). The results of the surveys conducted by the leading research organization, economic models and statistical data (Bank of Georgia, 2019;Canhoto, 2004;Casu and Girardone, 2006;Chalikias, et al, 2020;Claessens and Laeven, 2004;Coccorese, 2008;Delis and Papanikolaou, 2009;Gischer and Stiele, 2009;Hamza, 2011;Liberty Bank, 2019;Leroy, 2019;Maradana, et al, 2017;Mandic, 2014;Marius and Căpraru, 2012;Memić...…”

Recent trends in the study of merges and acquisitions

“…For example, the fi nancial crisis at the beginning of the Millennium caused a concentration of the Turkish banking sector (due to liquidations and M&As) and the development towards a monopolistic market [37], [32]. On the contrary, the consolidation of the Spanish banking sector after the 2008 fi nancial crisis had little impact upon costs for the clients [26]. [7] explain that the resemblance between the Euro Area and the Latin America crises and the difference from the Asian one is due to the fact that one of the most important aspects was attaching much more weight to bank mergers than to labor force mobility as adjustment mechanism.…”